Atlanta Neuroscience Foundation Inc

“Absent explicit donor stipulations to the contrary, the board of directors of the organization has interpreted the state of georgia uniform prudent management of institutional funds act (upmifa) as requiring the preservation of the fair value of the original gift as of the gift date of the donor-restricted endowment funds absent explicit donor stipulations to the contrary. As a result of this interpretation, the organization retains in perpetuity and classifies as perpetual in nature (a) the original value of the gift donated to the permanent endowment, (b) the original value of subsequent gifts to the permanent endowment, and (c) accumulations to the permanent endowment made in accordance with the direction of the applicable donor gift instrument at the time the accumulation is added to the fund. The remaining portion of the donor-restricted endowment fund that is not retained in perpetuity are subject to appropriation for expenditure by the organization in a manner consistent with the standard of prudence prescribed by upmifa. In accordance with upmifa, the organization considers the following factors in making a determination to appropriate or accumulate donor-restricted endowment funds: (1) the duration and preservation of the various funds, (2) the purposes of the donor-restricted endowment funds, (3) general economic conditions, (4) the possible effect of inflation and deflation, (5) the expected total return from income and the appreciation of investments, (6) other resources of the organization, and (7) the organization's investment policies.”

“Under section 501(c)(3) of the internal revenue code, the organization is exempt from taxes on income other than unrelated business income. Unrelated business income could result from rent, administration of self-insurance activities, and commissions. For the year ended december 31, 2024, the organization did not have any unrelated business income. The organization utilizes the accounting requirements associated with uncertainty in income taxes using the provisions of fasb asc 740, income taxes. Using that guidance, tax positions initially need to be recognized in the financial statements when it is more-likely-than-not the positions will be sustained upon examination by the tax authorities. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As of december 31, 2024, the organization has no uncertain tax positions that qualify for recognition or disclosure in the financial statements.”

“Fundraising expenses- schedule g 322,850.”

“Fundraising expenses- schedule g 322,850.”